NEW YORK (CelebrityAccess MediaWire) — EMI has settled its lawsuit against former Internet search provider Infospace, The Washington Post reported. The terms of the settlement were not disclosed.
EMI filed the $100 million suit against the former Internet giant claiming that Infospace subsidiaries Moviso and Premium Wireless Services had been under reporting royalties for licensed music and for selling ringtones made with EMI music that was not licensed at all. Infospace filed a countersuit, alleging breach of contract and tortious interference.
Once a major contender in the search engine wars, Infospace was worth about $31 billion but has in recent years focused on metasearches, I.E. aggregation of other search engine results. The company presently appears to be in the process of being unwound with discrete elements being sold off piecemeal. – CelebrityAccess Staff Writers